Added to YB: 2026-09-17
Pitch date: 2026-09-15
TVE.TO [bullish]
Tamarack Valley Energy Ltd.
Author Info
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Company Info
Tamarack Valley Energy Ltd. engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin.
Market Cap
CAD 6.4B
Pitch Price
N/A
Price Target
N/A
Dividend
1.47%
EV/EBITDA
6.18
P/E
270.81
EV/Sales
4.16
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
The Clearwater King — and the Spinout That Comes With It - Headwater Exploration (HWX-TSX) merges with Tamarack Valley (TVE-TSX)
TVE.TO (update): Tamarack’s all-stock Headwater merger creates a net-cash Clearwater producer with 80,000+ boe/d of run-rate production, 10-12% targeted annual growth, a US$37 WTI breakeven and a 1.8% yield; at C$13.54, it trades near 7.7x 2027 debt-adjusted cash flow. The thesis rests on scale driving a higher multiple, plus upside from the Tributary spinout, while constrained pipeline egress and unproven C$50M synergy targets are the key risks.
Read full article (18 min)